https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1156556&GUID=81FEC7B3-235C-4386-8BB2-C9CAEB4C9DDCLegistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1156556&GUID=81FEC7B3-235C-4386-8BB2-C9CAEB4C9DDC81FEC7B3-235C-4386-8BB2-C9CAEB4C9DDC-2022-04-03-07-37-09Title: Hearing to consider amendments to the Initiative Ordinance amending the Business and Tax Regulations Code to: 1) enact a new Article 12-A-1 (Gross Receipts Tax Ordinance) to impose a gross receipts tax and an administrative office tax on persons engaging in business activities in San Francisco; 2) amend Article 12-A (Payroll Expense Tax Ordinance) to reduce business payroll expense tax rates based on the amount of gross receipts tax collected under Article 12-A-1 (Gross Receipts Tax Ordinance); 3) amend Article 12 (Business Registration Ordinance) to establish business registration fees based on gross receipts and amend the current business registration fees to generate approximately $28.5 million in estimated additional revenue; 4) amend Article 12-A (Payroll Expense Tax Ordinance) to add a sunset date to the surplus business tax revenue credit; and 5) amend Article 6 (Common Administrative Provisions) to establish requirements for filing a tax return under Article 12-A-1 (Gross Receipts Tax Ordinance), establish penalties for non-filing, and amend the requirements for filing payrolSun, 03 Apr 2022 07:37:09 GMT